Wall Street analysts expect that Interface, Inc. (NASDAQ:TILE) will announce $324.50 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Interface's earnings. The highest sales estimate is $325.00 million and the lowest is $324.00 million. Interface reported sales of $276.95 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.2%. The business is expected to announce its next quarterly earnings report before the market opens on Tuesday, March 1st.
According to Zacks, analysts expect that Interface will report full year sales of $1.19 billion for the current financial year. For the next financial year, analysts expect that the company will report sales of $1.27 billion, with estimates ranging from $1.26 billion to $1.29 billion. Zacks' sales averages are a mean average based on a survey of research firms that follow Interface.
A number of research firms have commented on TILE. Zacks Investment Research upgraded shares of Interface from a "hold" rating to a "buy" rating and set a $19.00 price objective on the stock in a research note on Wednesday, November 10th. Raymond James upgraded shares of Interface from a "market perform" rating to an "outperform" rating and set a $19.00 price objective on the stock in a research note on Monday, November 8th.
Shares of TILE stock opened at $13.34 on Friday. The firm has a market capitalization of $787.79 million, a price-to-earnings ratio of 14.82 and a beta of 1.87. The company has a 50 day moving average price of $14.75 and a 200 day moving average price of $14.83. The company has a debt-to-equity ratio of 1.51, a quick ratio of 1.19 and a current ratio of 2.28. Interface has a one year low of $11.02 and a one year high of $18.03.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 17th. Shareholders of record on Friday, December 3rd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 2nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. Interface's dividend payout ratio (DPR) is 4.44%.
Several large investors have recently modified their holdings of the business. Green Alpha Advisors LLC raised its holdings in shares of Interface by 0.8% during the fourth quarter. Green Alpha Advisors LLC now owns 92,222 shares of the textile maker's stock worth $1,471,000 after purchasing an additional 693 shares during the period. Berman Capital Advisors LLC raised its holdings in shares of Interface by 71.0% during the third quarter. Berman Capital Advisors LLC now owns 1,847 shares of the textile maker's stock worth $27,000 after purchasing an additional 767 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Interface by 3.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 26,139 shares of the textile maker's stock worth $400,000 after purchasing an additional 899 shares during the period. Advisor Group Holdings Inc. raised its holdings in shares of Interface by 19.8% during the fourth quarter. Advisor Group Holdings Inc. now owns 7,584 shares of the textile maker's stock worth $122,000 after purchasing an additional 1,256 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in shares of Interface by 0.8% during the fourth quarter. Teacher Retirement System of Texas now owns 246,864 shares of the textile maker's stock worth $3,937,000 after purchasing an additional 1,895 shares during the period. 88.69% of the stock is currently owned by institutional investors.
Interface Company Profile
Interface, Inc is a flooring company, which offers carpet tile & resilient flooring, including luxury vinyl tile and rubber flooring products. The firm designs, manufactures and sells modular carpet, manufactured for the commercial and institutional markets under the interface brand, and for consumer markets as FLOR modular carpets.
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Zacks: Brokerages Anticipate Interface, Inc. (NASDAQ:TILE) Will Announce Quarterly Sales of $324.50 Million - MarketBeat
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